Certificate IV in Bookkeeping (FNS40211)

The Certificate IV in Bookkeeping is a nationally recognised qualification from the Financial Services Training

Package which complies with the Australian Qualifications Framework standard.

The Certificate IV in Bookkeeping is one of the minimum educational qualifications for BAS agents. It includes

two units of competency required to satisfy the additional BAS agent education requirement of an approved

course in basic GST/BAS taxation principles.

Introducing Mentor Education

Our program is delivered in partnership with Mentor Education. Established in 2002, Mentor has become one of

the longest established Australian owned and operated RG146 Compliance training providers in the country.

Together with a range of expanded study options for IPA members, Mentor Education offer a range of flexible

study options, including face-to-face training workshops and a team of professional financial advisors for

support online and via a dedicated helpdesk.

Our Certificate IV in Bookkeeping is delivered via distance learning, with the added benefit of Mentor

Education’s online portal allowing you to access all learning materials, submit your work and obtain feedback

and support from Mentor’s team of professional financial advisors.

The Certificate IV in Bookkeeping is particularly suitable for candidates currently working in bookkeeping roles

who are seeking a formal qualification to enhance and confirm their existing knowledge and skills.

Our flexible enrolment and payment arrangements mean you can start when you are ready, and pay as you

progress through the program.

Entry Requirements

The Certificate IV is an open entry course with no prerequisite qualifications. In order for participants to

successfully complete this course, it is recommended you have a strong grasp of computer skills, MYOB

exposure, literacy and numeracy skills.

Who should enrol?

The program will suit candidates currently working in bookkeeping roles who are seeking a formal qualification

to enhance and confirm their existing knowledge and skills.

The courses can be tailored to meet the needs of BAS agents, accountants and institutions. It is also

appropriate for candidates who currently work as a bookkeeper and are seeking a formal qualification.

Course outcome

The Certificate IV in Bookkeeping is a nationally recognised qualification from the Financial Services Training

Package, which complies with the Australian Qualifications Framework standard.

Successful completion will help you to:

• Achieve the latest bookkeeping qualification, including the GST/BAS units required for registration as a BAS

agent.

• Become a proficient user of MYOB, widely used by small business and accountants.

Assessment

We have designed our assessment activities in line with best practice standards to prepare you for

bookkeeping, tax and BAS agent roles.

There are three forms of assessment:

• Multiple choice knowledge tests

• Assessment tasks based on the practical application of concepts learned

• Skills assessments, which are telephone based

COURSE OUTLINE

This course comprises four subjects (inclusive of 13 bookkeeping units) that will award you the Certificate IV in Bookkeeping.

SUBJECT 1 – BOOKKEEPING FUNDAMENTALS

Apply principles of professional practice to work in the financial services industry - FNSINC401A

Topic 1: Identify the scope, sectors and responsibilities of the industry

Topic 2: Identify and apply financial services industry guidelines, procedures and legislation

Topic 3: Identify sustainability issues for the financial services industry

Topic 4: Manage information

Topic 5: Participate in and facilitate work team activities

Topic 6: Plan work to be completed taking into consideration time, resources and other constraints

Topic 7: Develop and maintain personal competency

Set up and operate a computerised accounting system (MYOB) - FNSACC406A

Topic 1: Implement an integrated accounting system

Topic 2: Process transactions within the system

Topic 3: Maintain the system

Topic 4: Produce reports

Topic 5: Ensure system integrity

Establish and maintain a cash accounting system (MYOB) - FNSBKG402A

Topic 1: Identify relevant information and establish a Chart of Accounts

Topic 2: Analyse and verify source documents

Topic 3: Process receipts and payments

Topic 4: Set up and maintain a petty cash system

Topic 5: Process and reconcile credit cards

Topic 6: Manage bank reconciliations and prepare and produce reports

Establish and maintain an accrual accounting system - FNSBKG403A

Topic 1: Manage the chart of accounts

Topic 2: Process invoices, adjustment notes and other general ledger transactions

Topic 3: Manage contra entities

Topic 4: Identify and process bad debts

Topic 5: Manage debt recovery

Topic 6: Prepare and produce reports and trial balance

SUBJECT 2 – BUSINESS REPORTING

Develop and use complex spreadsheets (using Excel 2013) - BSBITU402A

Part 1: Prepare to develop spreadsheets

Part 2: Develop a linked spreadsheet solution

Part 3: Automate and standardise spreadsheet operation

Part 4: Use spreadsheets

Part 5: Represent numerical data in graphical form

Develop and implement policies and procedures relevant to bookkeeping activities - FNSBKG401A

Part 1: Develop a professional working relationship with relevant parties

Part 2: Carry out research to identify compliance requirements and support materials

Part 3: Setup and maintain appropriate systems to meet compliance requirements

Design and produce business documents (using office 2013) - BSBITU306A

Topic 1: Select and prepare resources

Topic 2: Design documents

Topic 3: Produce documents

Topic 4: Finalise documents

Prepare financial reports - BSBFIA401A

Topic 1: Maintain asset register

Topic 2: Record general journal entries for balance day adjustments

Topic 3: Prepare final general ledger accounts

Topic 4: Prepare end-of-period financial reports

SUBJECT 3 - BAS AND PAYROLL

Establish and maintain a payroll system - FNSBKG405A

Topic 1: Record payroll data

Topic 2: Payroll preparation

Topic 3: Handle payroll enquiries

Carry out business activity and instalment activity statement tasks - FNSBKG404A

Topic 1: Identify individual compliance and other requirements

Topic 2: Recognise and apply GST implications and code transactions

Topic 3: Report on payroll activities

Topic 4: Report on other amounts withheld, PAYG instalments and taxes

Topic 5: Complete and reconcile the Activity Statement

SUBJECT 4 – OHS, INVENTORY AND SUBSIDIARY ACCOUNTING

Participate in OHS processes - BSBOHS201A

Topic 1: Identify hazards – assessing and controlling risks in the work area

Topic 2: Contingency preparedness, first aid and accident reporting

Topic 3: Health and safety laws, codes of practice and inspectors

Topic 4: Participating in the management of health and safety in the workplace

Topic 5: Health and safety laws, codes of practice and inspectors

Maintain inventory records - FNSACC405A

Topic 1: Process inventory purchases

Topic 2: Record inventory flows

Topic 3: Reconcile inventory records to general ledgers

Topic 4: Prepare inventory schedules and ad-hoc reports

Administer subsidiary accounts and ledgers - FNSACC302A

Topic 1: Review accounts receivable process

Topic 2: Identify bad and doubtful debts

Topic 3: Review compliance and terms and conditions and plan recovery actions

Topic 4: Prepare reports and file documentation

Topic 5: Distribute creditors invoices for authorisation

Topic 6: Remit payments to creditors

Topic 7: Prepare accounts paid report and reconcile balances outstanding

Being a quality educator in the financial services industry, the IPA appreciate that you have other commitments. To help you access the right resources and expertise to

balance work/life/study and achieve your professional goals, we’ve designed a range of flexible study options for you.

ONLINE LEARNING Self-paced online learning provides you with -

• Flexibility to study online, anywhere and at any time

• Access to an experienced financial adviser between Monday to Friday, 9am – 5pm by telephone and email to receive timely support and feedback.

• Either 4 or 6 weeks to complete your assessment tasks for each Unit (18 months for the full program)

WORKSHOP COURSES Face-to-face class-room workshops are very popular for groups, and are the fastest way to achieve your qualification. Workshops are -

• Conducted over four sessions (comprising 3 – 4 days each) either face to face or via video conference.

• Facilitated by industry professionals skilled at making the workshop experience interactive, incorporating real life examples of today’s market place.

• The best way to understand the case study and receive help to develop sound business and marketing strategies.

COURSE COMPETENCIES

Core Units FNSBKG401A Develop and implement policies and procedures relevant to bookkeeping activities

FNSBKG402A Establish and maintain a cash accounting system

FNSBKG403A Establish and maintain an accrual accounting system

FNSBKG404A Carry out business activity and instalment activity statement tasks

FNSBKG405A Establish and maintain a payroll system

FNSINC401A Apply principles of professional practice to work in the financial services industry

BSBFIA401A Prepare financial reports

BSBITU306A Design and produce business documents

BSBOHS201A Participate in OHS processes

Elective Units FNSACC406A Set up and operate a computerised accounting system

BSBITU402A Develop and use complex spreadsheets

FNSACC405A Maintain inventory records

FNSACC302A Administer subsidiary accounts and ledgers